Key Highlights

  • Teradyne (NASDAQ:TER) was trading down 6.8% at USD 245.84 on Friday, November 13, 2026, in market data, and no company announcement for November 11 to 13 explaining the move was found.
  • Third-quarter Revenue was USD 1.306 billion, up 70% from USD 769 million a year earlier but slightly below the USD 1.329 billion of the second quarter, according to the October 27, 2026 release.
  • Non-GAAP Earnings were USD 2.29 a share against USD 0.85 a year earlier, while fourth-quarter revenue guidance of USD 1.25 to 1.35 billion has a midpoint near the third quarter's level.
  • Published analysis said the shares fell 17% in the week to November 3, 2026, with UBS cutting its target to USD 430 from USD 485 and Goldman Sachs trimming to USD 440 from USD 465.

What Is Known About the Move on November 13

Teradyne (NASDAQ:TER) was trading down 6.8% at USD 245.84 on Friday, November 13, 2026, a screener move treated as the figure of record only for the live session. Searches of company releases and filings dated November 11 to 13 found no announcement explaining it, and no verified sector or market-wide driver for November 12 to 13 was found. The nearest documented sector event is the AI and chip selloff of November 5, 2026, when the Philadelphia semiconductor index was reported down 7.5% intraday on worries that local opposition could slow Data Center buildouts and on weak forecasts from Qualcomm and Arm. That is earlier context, not a verified cause for today. The stock was already down about 17% in the week to November 3, per published analysis.

Q3 Results Beat, but Revenue Guidance Was Flat

Teradyne makes automated test equipment for chips and also industrial robots, and it reported on October 27, 2026. Revenue was USD 1.306 billion, with Semiconductor Test at USD 1.072 billion, Product Test at USD 138 million and Robotics at USD 96 million. Management cited record memory and integrated systems test revenue on AI demand, and Robotics turned profitable. GAAP diluted earnings were USD 2.17 a share and non-GAAP USD 2.29, against a published consensus of USD 2.06. Fourth-quarter non-GAAP earnings guidance is USD 1.95 to 2.25 a share. One published analysis argued that a revenue midpoint of about USD 1.3 billion, matching the third quarter, was read as a peak in AI test demand, which is interpretation rather than a company statement.

Valuation, Buybacks and Analyst Target Cuts

Cash and cash equivalents were USD 460.7 million at September 27, 2026, up from USD 293.8 million at year-end 2025, and the company repurchased USD 99.3 million of stock in the quarter. Published analysis put the shares at about 25 times forward earnings at the November 2 close, against a five-year average of 32 times and a peak of 70 times in late June. Four firms cut targets after the report, that analysis said, including UBS and Goldman Sachs; targets are data points, not advice. Risks include another flat guide, concentration in AI-linked Demand and moves in chip stocks unrelated to company news. The fourth-quarter report is expected in late January, per published analysis.

Where Things Stand

Nothing company-specific explains the 6.8% drop. Teradyne (NASDAQ:TER) beat on earnings and grew revenue 70%, but flat fourth-quarter guidance and target cuts have kept the stock under pressure, and it may simply be moving with AI-linked chip names. Cash is rising and buybacks continue. Next markers are the late-January fourth-quarter report, any further guidance commentary and the direction of AI Capital spending.